Manorama Industries migrates from BSE SME to Mainboard; Stock zooms 5%

The equity shares will be admitted to dealings from Tuesday July 20, 2021 on BSE Mainboard.

July 20, 2021 11:34 IST | India Infoline News Service
Manorama Industries Limited, a global pioneer in the manufacturing of specialty fats and butter has announced the migration of its equity shares from the BSE SME platform to the BSE Mainboard.

The company listed on the BSE SME platform over two years back and has met all the criteria needed for the shift. The stocks will be admitted to dealings in the category ‘B Group’ on the BSE Mainboard platform from Tuesday 20th July 2021.
  • The equity shares will be admitted to dealings from Tuesday 20th July 2021 on BSE Mainboard.
  • Leading manufacturer of specialty fats and butter with strong relationship of many decades with Fortune 500 companies all over the world in the cosmetic, chocolate, and confectionery industries.
  • Over the years; the Company is the recipient of more than 50 International and National awards for its successful and unique business model.
Commenting on the listing, Vinita Saraf, Chairperson and Managing Director said, “It gives us great pleasure to inform you about the company’s milestone of migrating from the BSE SME platform to the BSE Mainboard Platform. We received the in-principle approval from BSE and listed it on the BSE Mainboard by completing all the necessary listing formalities. All of us at Manorama are humbled by this, and | would like to thank all our regulators, customers, employees and shareholders who strongly believe in the growth and potential of the Company.

As we move ahead, we hope to deliver more value to our stakeholders and are fully committed to our long-term vision and goal to provide the highest level of customer satisfaction by serving them more effectively and efficiently with the host of our innovative range of products in the Cocoa Butter Equivalent, Specialty fats, and butter segment.

We would also like to thank all our existing stakeholders for their continued support and assure them of achieving robust operational and financial performance with the full-fledged revival in demand across product categories.”

At around 11:35 AM, Manorama Industries was trading at Rs1809.95 per piece higher by 4.81% on Sensex.

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